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.s. economy due to hit the fiscal cliff, trillion of tax increases and spending cuts, president obama called for a catch henceive deal and said he is not going to one on the top 2%. >> we cannot afford to extend the bush tax cuts for the wealthy. we can make sure that middle class taxes don't go up. if we get that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and tr
with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
. >> this week, i called for action by both parties on a plan to help our economy grow and create jobs, which is critical to solving our debt. it's also critical to averting the so-called fiscal cliff, a combination of automatic spending cuts and tax rate increases that's just weeks away from taking effect. some have said that despite the risks, we should let our nation's economy go off part of the fiscal cliff in january, by allowing the top two rates to rise. they believe that doing that will generate more revenue for the federal government. but here's the problem with that. raising those rates on january 1 would, according to the independent firm ernst & young, destroy 700,000 american jobs. that's because many of those hit by this tax increase are small business owners -- the very people who are the key to job creation in america. i used to be one of them. this week, i offered congratulations to president obama -- along with an alternative to sending our economy over any part of the fiscal cliff. instead of raising tax rates on the american people and accepting the damage it will do to ou
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
important issue was. the economy was way up on top, almost 3/5ths of people said the economy was the number-one issue. the percentage who said that foreign policy was the most important issue was down in the single digits. that is not the driver. foreign policy is usually not the biggest driver. it is worth noting that those voters who said that foreign policy was the most important issue, president obama won that group. host: that made for about 5%. the economy, 59% put that as the most important issue. federal budget deficit, 15%. talk about how the health care law played into voters' attitudes? 18% said it was the most important issue. guest: that is an important thing. almost one in five voters said that health care was the most important issue. the president won roughly three- quarters of that vote. throughout the republican primaries, the issue of obamacare was a huge rallying cry. in 2010, the republicans won some big victories because of anger on the part of conservative voters about the president's health-care law. by the time you get to this election, you see this turnaround were
an address from the east room of the white house about the economy and reducing the deficit. it is a speech republicans will be watching closely coming up and to the lame-duck session. as reluctant that battle and beyond, we want to hear about your top priorities for the second term. how successful do you think he will be at addressing them? give us a call on the democratic 585-3880.- republicans 202-585-3881. independents 202-585-3882. a very good morning to you. a lot of discussion about the president's second term and what needs to be addressed and the near and long term. we want to hear from you, but we will point out a few headlines. this from "the wall street journal." also from "the washington post." the front page of the commentary section of "the washington times." also, we want to point you to the front page of the business section of "the new york times." a front-page article on the difficult decisions involving the housing market. i want to bring you to the front page of "bloomberg busines sweek." that is a picture of president obama perhaps what he might look like four years fr
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
that are now griffin to various parts of -- given to various parts of our economy, for example, the oil and gas industry, and shift those tax breaks around so we would fund infrastructure project. in fact, that's what the president proposed to do. before i go further into how we might use the effort to build infrastructure, i want to just say that that infrastructure program is going to be absolutely essential to rebuild an extraordinarily important part of this nation. that is the east coast. new jersey, new york, connecticut and some parts of pennsylvania were devastated. there is going to be a multi-billion dollar rebuilding program necessary just to go back to where those parts of this country were before the storm hit. much more will be needed to protect those parts of this country from future storms that are certain to occur. i'll let it go at that. sigh my colleague from new york -- i see my colleague from new york city has arrived here and i'd like her to pick this issue up and talk about the devastation that occurred in her communities and then we can come back to the infrastructure .
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
an islamist problem per se. the other issues the economy is very important. we tend to look at the question and focus on the question of cheri and women's rights which is an important aspect but also the economy is very important. a lot of economic issues and social economic problems that are concealed in economic terms but are fundamentally questions of women's rights and women's empowerment and talking about the problem of the informal sector and a considerable portion of the population that have no labor protection. the biggest people hurting the most from this reality are actually women. it is not exclusively a question of what cheri at --sharia has to offer. whether they have to say about the question of women's rights which is important aspect but not the only aspect. >> their security sector reform mentioned, we could get into that. let's do tunisia and libya and may have some broader observations on this issue because you have been working on egypt and libya as well. or did you have any -- >> in tunisia the issue of women's rights is a large issue. certainly tunisian have prided th
in the campaign it laid out his economic plan for how to build an economy, strengthen the economy. that is obviously a central focus of not just the next few weeks, but the next four years. part of that is to reduce the deficit in a balanced way. obviously we have some deadlines approaching. one of the messages sent by the american people throughout the campaign, as jim misener mentioned, clearly shows the president's view of making sure that the wealthiest americans are asked to do a little bit more in the context of reducing our deficit in a balanced way. it is clear that the voters did not see compromise as a dirty word. it is essential for democracy. balance is another important component. hopefully in the aftermath of the election our leaders in both parties and around the country will do the right thing here to help move our economy forward. as the president often said during the campaign, we've got a lot more work to do, but we have made progress, and we have to build on that. this is one component of how we do that, moving forward. >> always curious, did you ever think mic
something. look at the jobless numbers that came out today. looking at the economy, things are not recovering as fast as people would like. looking at europe. the stock market dropped. in recent days everybody knows there's a real urgency to avoiding the fiscal cliff and doing something. i don't think the solution will necessarily be raising taxes on the top brackets. it seems like the loopholes are going to play a big role. capital gains, things like that. there may be an issue where they really go toe-to-toe on the tax rates and maybe there's wiggle room in the other areas. definitely an urgency to resolve this and set up the idea of overall tax reform in the coming years. >> standby, if you could. i want to bring in sheila jackson lee. so we were just talking about that with susan. would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and so
of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t
economy energy eyes jiesed by simpler tax codes with fewer loopholes and lower rates for all? so his increaseded revenue is lower rates or dynamic scoring, i don't know. but i think he was able to pivot on his spin but in terms of the substance i don't think he's moved. >> i'm glad that you read his words because i do think that is what the republicans mean by revenue. the theory -- and it's a theory and there are detrack tors of this theory and supporters of the theory which is if you have lower tax rates, there will be more economic growth and activity which will in turn result in additional tax revenue into the u.s. treasury. and again, it really comes down to whether you buy into that theory. the republicans hold that theory and believe in it. the other side of the aisle doesn't believe in that theory to the same degree that the republicans do. so it almost comes down to what stan said is do you have steal mate over the i'd olingses and i think we all know that with the senate becoming a bit more liberal and the house becoming a bit more conservative that those are going to clash
-growth? it might make the economy grow a little bit. >> the 2 or 3 things help the economy get ahead, neera. >> immigration reform. it does depress wages that you have millions of people undocumented. if you move people out of that status, that will have a positive benefit not just to people, but to wages being depressed. equity is a critical issue. we face a significant challenge -- in the short-term, medium- term, and long term, there is so much inequity in education. it is not something that the political process likes to discuss, but it is one in which we need to think more creatively about how -- it is not good for us in the medium or long-term. >> nice to go last on this because i can think. [laughter] a really high-quality pre-k -- >> i agree. >> education for kids at the bottom of the income scale. this is supported by conservatives and liberals alike. a nobel-laureate economist who i think is associated with republicans has written eloquently about how critically important -- and there has got to be a significant government role. it will not happen without. and this is offbeat, but
into the economy -- did not sell much creating jobs -- i am focused on trading business for the small people -- the people trying to become middle- class. there would have been more going around it. everybody has ideas. the thing we need to focus on is seriously alternative fuels. with alternative it feels, -- alternative fuels, other people can have a chance to put their idea not so much in big oil -- everybody gets a piece of the pie. host: on your comments about how much money was spent. here is "usa today." on the issue of whether or not the big wealthy donors cut their money's worth. go ahead shirley. caller: the people in this country are so tired of the fighting in the washington. like the one candidate said, if they do not do their jobs, they do not get paid. we, the people, have to start taking these matters into hands. we are sick of it. what i would like to tell john boehner is, do not cave in to the craziness. this is nothing but craziness. i watched harry reid yesterday. he talked and talked and really said nothing. i thought to myself, all you do is dance around these bills tha
for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> bill: the difference between how republicans and democrats react to elections are amazing. in 2004, president bush won with 286 electoral votes. he said this. >> i earned political capital in the campaign and intend to spend it. >> it's insanity to say that was a mandate. president obama looks like he's going to get 332 electoral votes, a much larger victory than bush in 2004 and needless to say bush in 2000. >> on this issue of particularly the fiscal cliff, you know, one thing, you know, people, presidents always say i had a mandate, i had a mandate. that's a foolish word and it's generally untrue. >> i would call axelrod foolish because what kind of person after winning a big election comes in and says i d
. >>> straight ahead, an unofficial holiday is boosting the chinese economy thanks to the country's single resident and the internet. >>> but first imagine growing up with scarring so severe that your only wish to be able to walk down the street unnoticed. tonight chief medical correspondent dr. sanjay gupta introduces us to a woman who turned a childhood accident into a new career, helping others ease their pain. >> the scars on her face serve as a never-ending reminder of a kitchen fire that she endured. she was 2 years old at the time. she was in the kitchen with her brother who was 6. >> he took a frozen chunk of meat from the fridge and put it into boiling oil so a fire started. he tried to take it to the sink and he tripped on top of meso the oil spilled on 40% of my face. >> thankfully she doesn't remember the accident or the pain. she does remember being rushed to the hospital and the surgeon working tirelessly to open her eye, which was stuck shut from the burning oil. >> all the time growing up, it was really difficult because everybody would stare and especially at school. it wa
inject a lot of money inside the economy very fast. there's a lot of people that's got money that's invested, can't take money out, that can use the money for other things, for buying extra properties, getting the economy simulated that way. i just feel that if they let you take your own money that you saved and worked hard for and let you pull it out without being taxed to death, that would actually help the middle class more than cutting taxes on the other end. and i don't know what the other people that's in my situation feel that way, but i think somebody should say, ok, 401-k's, you got three years to take this much out, this was the limit, and we're going to tax you this much if you do not take advantage of this and we go back to the way it was. host: thanks. johnny in texas makes under $250,000 a year. johnny, you're on the "washington journal." caller: yes, die make under $250,000 a year, and i think the bush tax cuts ought to be suspended. host: do you think that the election gives the president a mandate on taxing the rich? caller: i definitely do. it's a mandate, becaus
or the other on this issue until the economy started going south in 2008. >> hockenberry: was that an opportunity to push back on climate change, the recessio >> it sure was. >> i'm tim phillips, president of americans for prosperity. we're here in billings, montana. >> hockenberry: what part did you play? >> we certainly did tv ads, radio ads, social media. we did rallies, events, we launched something we called hot air. and we're sending a message to senator baucus and senator tester to vote no on this job-killing, tax-increasing cap-and-trade. we got a hot-air balloon, put a banner on the side of it that said, "cap-and-trade means higher taxes, lost jobs, less freedom." and we went all over the country doing events and stirring up grassroots anger and frustration, concern. >> cap-and-trade will slow the economy and cost american jobs. >> hockenberry: americans for osperity's wl-financed campaign was an aggressive one. ads that went after cap-and- trade policy... >> america can't afford the cap-and-trade tax. >> hockenberry: and said the science was a hoax. >> congress
in sales at mcdonald's adding to troubles ahead for the american economy. up next, stu varney looks at yesterday's massive wall street selloff and why investors are scared about more than just that so-called fiscal cliff. ♪ it's time ronald joins his friends, but who will take pics of them? ♪ just like one big family, watch the birdie and you'll see; ♪ ronald, ronald mcdonald. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. megyn: fox news alert, troubling new signs about america's economic future with a big warning from giant employer mcdonald's. it comes just a day after we saw dramatic postelection selloff on wall street yesterday. as we investigated, we found signs of worry about big segments of our economy, and mcdonald's is reporting the first monthly drop in nearly a decade for the world's biggest hamburger chain. stu
. they are talking about jobs, improving the economy. if they are willing to save medicare and social security are going to stay, they can get african-american votes. to write them off as arthur davis suggested i think would be a colossal mistake. host: we will get to your calls in just a moment. you can also send us a comment on facebook or twitter. what surprised you about the election? guest: was surprised me was the breadth and the depth of president obama's victory. in this split america with 5% of people independent voters, i think it was a very decisive victory. if you look at all of the stories we were reflecting before hand, this will take months to figure out, this will go to the house of representatives. baloney. president obama won the electoral vote 332-2 06. that is pretty solid. he won the popular vote by about 3 million votes, which is decisive. he won eight out of nine of the battleground states were all told were so close they could easily go to mitt romney. he did not lose in north carolina by much. host: were the polls wrong? guest: from my perspective there was too much at
and on current tv. >>oh really? >>"if you ever raise taxes on >>the rich, you're going to destroy our economy." not true! >>i jump out of my skin at people when i'm upset. do you share the sense of outrage that they're doing this, this corruption based on corruption based on corruption. >>i think that's an understatement, eliot. u>> i'm not prone tot. understatement, so explain to me why that is. i think the mob learned from wall st., not vice versa. >> chatting with you live at current.com/billpress, this is the "bill press show". live on your radio and current tv. >> bill: 25 minutes after the hour. one nice thing about this election, maybe we'll never see dick morris again on fox news. do you think maybe? >> i think he's going to get a raise on fox news. you think now they're going to care about people getting it right? they'll have him back. they already had him back yesterday. >> bill: really? he's such a clown. media matters for america put out all of the different predictions. his flat-out predictions that he made in this election cycle
in the economy. not the state of the economy. not the number of unemployment at how we've been improving over the are, and incumbents usually accounts or something. if you look at this election you can say a little bit of growth matters. a president who was sort of in the middle, 48, 49% job approval rating for much of this year, and about 1.5% growth, we add that with an income, you probably get a winner of 3% and that's what many of the models looked like. a lot of people thought boy, the economy is so bad, a modest change in the economy was what many political scientists predicted would be helpful to the president, not hurting them. three, what's one thing was really wrong about our analysis of the election? here i'm going to take our focus on ohio. i think we people watched the election night and said well, when ohio was called that's when we knew president obama was president. but there was an interesting light on ohio that went on for quite a while, and that was the polls looked much better for mitt romney at the national level before the hurricane really good mitt romney had some narro
to him live. we'll see which way the worm turns this morning. martha. martha: go back to the economy for a moment because there is a dire warning to lawmakers on our economic future. moody's investors service says the u.s. still get as negative rating because of the uncertainty surrounding the so-called fiscal cliff. all of this comes as congress today returns to work on capitol hill for their first session since september after a hard-fought election. paul ryan is now speaking out for the first time. he says he is ready to reach across the aisle. >> it's part of my job to be a part of the solution to try to make this divided government work because the issues we talked about seven days ago are still the issues we have to deal with today, the economy, a debt crisis. we have got a health care system problem. i worry about our military. these same problems exist and we'll have to find a way of finding common ground to make them work. martha: paul ryan who hoped to be vice president of the united states come january, now finds himself in his congressional seat still in wisconsin and say
depot. fueling the dollar's and release some great numbers is this a good sign for the economy? >> basically the u.s. economy is not dead toward with millions of dollars in sales and the home around sales are going higher. realistic value is also increasing. for the last couple of quarters. as we all in our homes we're upgrading. if we go to hop home depo, this is good and no news and also working sandy helped. >> and also let us talk about apple. the stock up, down. , $705-$750. this year, it started at $400-and i also own shares of the company. i need to disclose that. companies like google, intel would to roll over those numbers and microsoft is done by 32 percent. and investing in those numbers comparison to the other numbers. it is just stunning. yes, they a bad management shake-up in the iphone 5 takes 2-3 weeks that is also not good. they needed to manufacture those faster you'll probably see an iphone 5 that is easier to manufacture sooner than later. >> we will continue to keep updated on debate. news >> the internet giant mcafee is wanting he is- wanted... area police
it comes to the economy, they think that's the way is to give their friends more money and hope they do well by you. you don't believe that they are not running for you. latinos come about with the immigration issue was about. you want to be part of the american dream they won't even pass the dream act. they are not running for you. does anyone have a question as to why those series of arguments and that series of consistency that ties and interweaves into a mirage that makes sense? why 21% of americans who think that caring about people like them as the most important feature in the national leader why they would select the person that was making that argument against the person ever to be running to them. as much as a character of romney and as much as that is a caricature of republicans, a character only works if they make sense in light of the person being caricatured. yes said, propagandize itself has to have a kernel of truth at its core so what republicans need to do is to get your hard look at ourselves. republicans need to ask if that is how a fifth of americans overwhelmingly
's statement will address the action needed to keep our economy growing and reduce our deficit. he will not suggest a plan. he will say lawmakers, you guys come up with something. >> brian: he goes weneed to raise taxes because the nation needs a thriving middle class. >> steve: he's said that all along. >> but john boehner said some analyst thought change slightly. he said the tax hikings are unacceptable . however, he said that he may be open to tax revenue come is a different way of saying bringing in more taxes and listen to his latest interview on abc. >> raising taxes on small business people is the wrong prescription given for our economy. >> is it on the table to talk about. >> i made clear that raising tax rates are unacceptable and frankly couldn't pass the house. putting revenues on the table and reforming our tax code and i would do that if the president were serious about solving our spending problem and trying to secure our entitlement program. >> brian: going to sit down and talk. but he's saying short term for now and wait for the new congress to get settled in and
, they sat it out. so, you know, it was going to be hard, even with the bad economy, for obama to lose. >> i think you're right, paul it wasn't just jobs and the economy, i was climate change. it was reproductive rights. it was gay marriage. there were a lot of issues that have changed in the last ten years and the republicans just did not -- >> the democrat graphic shift, this is a realignment election. it happens once in a generation. in 1980, 91% of the people who voted for the president were white in the united states. last tuesday, it was 72%. that number is going to continue to change. and the republican southern strategy for 50 years, that they have had, which is, reach out to mostly rural, mostly religious, mostly older white people, the math does not add up anymore. barack obama had an 80/40 strategy. you win 80% of the nonwhite vote, which is 30% and you win 40% of the white vote. add that together, you get 52%. that's what he did. >> you know what i thought was interesting, though? it would seem a lot of people are talking about how this election was a wakeup call for the republic
in education and job training and manufacturing all the ingredients of a strong middle class and strong economy. >> instead of raising tax rates on the american people and accepting the damage it will do to the economy let's start to actually solve the problem. the tax reform. lowers tax rates. instead of accepting arbitrary cuts, that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> both the president and republicans are willing to compromise and hope to reach an agreement. >>> well, new details tonight in the search for the suspect in the murder of his wife in san jose. he was found dead late this afternoon. the body of 50-year-old troy know sen sow was found in his -- know sen sew was found in his car. they had been searching for him since his wife patricia was found dead in their hole yesterday orange. >>> on this holiday weekend one bay area hospital is offering hope for veterans. cbs 5 reporter anne makovec shows us the ground-breaking program helping am pew tree athletes
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and the president act. i'll tell you what falling off that fiscal cliff could mean for you and the greater economy. >>> a massive recall from toyota. millions of cars called in because of a steering problem. what you need to know. >> among our guests today, new york congressman steve israel will be joining us. newt and callista gingrich. author kitty kelley. pennsylvania congressman allyson schwartz. patty murray is with us and director oliver stone. it is wednesday, november 14th. "starting point" begins right now. >> look at me i'm whistling our theme song this morning. you're watching "starting point." the scandal, and it's spreading, is now engulfing two four-star generals. there are some new details about the woman who is at the center of it all. her name is jill kelley. she is described as a tammpy socialite. she first reported she's anonymous harassing e-mails to an fbi agent friend, and that ended up triggering an investigation. those e-mails eventually turned out to be sent by paula broadwell. that would be david petraeus' biographer. and eventually turned out his mistress, as well. we me
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businesspeople is the wrong prescription given where our economy is. >> is it on the table to talk about the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable and, frankly, it couldn't even pass the house. >> you will talk about it even if you believe it's the wrong approach, you'll talk about it? >> of course we'll talk about it. we can talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. the election's over. now it's time to get to work. >> and ato prove his point, listen to what he had to say about the repeal of the president's health care plan which really has been the goal, it really has. it's been the goal -- it's been the holy grail of conservatives over the past two years. listen to what he said when asked whether he would keep trying to repeal obamacare. >> well, i think the election changes that. it's pretty clear that the president was re-elected. obamacare is the law of the land. >> but you won't be spend
much do you want to do and perhaps drive the economy into a recession. the second is what deal can you strike about the debt. in the end if they do raise more revenue they shouldn't do it by raising the tax rates, but by broadening the base. and remember none of it is going to solve our problems. they have to do entitlement reform. gregg: here is what john boehner had to say. >> the problem with raising tax rates on the yetist americans is that more than half of them are small business owners. we know from ernst and young 700,000 jobs would be destroyed. we also know that it would slow down our economy. raising tax rates will slow down our ability to create the jobs that everyone says they want. gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small business
of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous sy
the house. there's a question that most of us believe it would not be good for our economy to go over the fiscal cliff, that we have to resolve these issues, deal with what is the right tax policy, what is the right spending policy and how do we best grow the economy? i do think we have to stand firm. it's very clear we need new revenue and republicans are saying kind of the right tone but what they're actually saying is still no new revenue. it's got to come from economic growth from tax cuts. it's not a policy that's worked for this country before. it's not a policy we believe will work for this country going forward. we have to get it right. can we get it all done before the end of the year? not so sure about that. but we ought to make some decisions and set ourselves on a path to fiscal reality and fiscal responsibility in a way that makes sure we have a way to bring in new revenue to grow this economy and to protect the government spending that meets obligations to our seniors and to our future. that's a big lift for us to do in a few weeks. >> there's a growing sentiment to thos
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